Yen set ‘to play catch-up’ with economy
NEWS
On Tuesday last week (October 4), as the Nikkei 225 hit multi-year highs, crossing the 13,738 mark, the yen remained at its lowest year-to-date value of 114 against the dollar. This has left many market-watchers scratching their heads over why the yen and Nikkei, which have typically been positively correlated, are moving in opposite directions.
However, strategists predict that the yen’s weakness will not last. Banks’ USD/JPY forecasts around the region have set it to appreciate by 5–7% by the
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